Tether is the biggest whale in the crypto space. They're best known for their stablecoin, USDT.
This company has a license to print US dollars – literally. But that’s not all…
The GENIUS Act is like a blessing from the US monetary authorities to continue their little money printing operation for as long as they like. Why?
Because Tether backs its stablecoin with US Treasuries – the same US Treasuries that other governments are dumping in favor of gold.
And what is Tether doing with all the profits they make by earning interest on US Treasuries?
Buying gold. Lots of it. Roughly two tonnes a week!
I recently met with Tether’s head of special projects – the man behind Tether’s new tokenized gold offering…
What he said shocked even me, a 20+ year veteran in the gold markets.
He told me he expects Tether Gold (XAUt) will soon be bigger than Tether’s roughly $200 billion stablecoin.
Just think what that means for the price of gold as Tether continues accumulating two tonnes a week… more than 100 tonnes a year.
There is one time in the historical cycle when you cannot be without gold. That time is here, now.
Regards,
Garrett Goggin, CFA, CMT
Lead Analyst and Founder, Golden Portfolio
P.S.
I’ve even teamed up with my longtime friend, Porter Stansberry, on this story. Why? Because Porter has been on top of the coming dollar devaluation for over 15 years. He wrote about it in his famous End of America documentary. Porter and I think identically about what’s happening. That’s why Porter’s team put together a special report on the one non-gold asset you MUST have for the coming shift in the world’s monetary system. Go here for details
Is MetaX a NVIDIA Threat—or Just Another DeepSeek Market Scare?
Written by Jordan Chussler. Originally Published: 12/26/2025.
Key Takeaways
- After China-based GPU manufacturer MetaX recently debuted on the Shanghai market, the stock gained 700%.
- With investors rotating out of U.S.-listed AI stocks, the news was reminiscent of January 2025’s DeepSeek market scare.
- But NVIDIA’s central role in the AI landscape and its strategic partnerships with companies like OpenAI nearly assures its long-term success.
On Dec. 17, China-based MetaX Integrated Circuits made its public debut on the Shanghai Stock Exchange and its shares subsequently surged roughly 700%.
The company—not to be confused with Mark Zuckerberg-led Meta Platforms (NASDAQ: META)—was founded by former Advanced Micro Devices (NASDAQ: AMD) executives and develops general-purpose graphics processing units, or GPUs, for artificial intelligence applications.
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Click here to see where the money is going. Not AI stocks.Because of the AI focus of its microchips, the company drew comparisons to NVIDIA (NASDAQ: NVDA), the largest publicly traded company by market cap at $4.58 trillion.
As international competition gains prominence, should shareholders be concerned about threats to NVIDIA's dominance?
MetaX Is the Latest Example of a DeepSeek Market Scare
On Dec. 21, CNBC reported that AI-linked IPOs in China are growing rapidly, with some listings "delivering eye-popping gains." One week before MetaX's debut, another GPU designer—Moore Threads Technology—also had an IPO, with its shares gaining roughly 400% thereafter.
At the same time, investors continued to rotate out of U.S.-listed tech stocks as concerns about elevated valuations, market concentration, and the specter of an AI bubble loom over the S&P 500.
The MetaX news accelerated selling of NVDA, which, after hitting its all-time high in late October 2025, had fallen by more than 17% by Dec. 17 before finding its footing.
For analysts and pundits, there was no shortage of parallels drawn between MetaX's surge and the market disruption on Jan. 27, 2025, when news of DeepSeek—a generative AI company based in China—was touted as a lower-cost alternative to OpenAI.
As a result, most large and mega-cap U.S. equities with AI exposure experienced a short-term sell-off. Within days, the Magnificent Seven lost hundreds of billions in market value.
But DeepSeek ultimately proved to be a flash in the pan. Despite low-cost models that could run training tasks at a fraction of the compute power required by OpenAI, the company faced a range of problems—from government censorship and a notable security breach to slowed updates and underwhelming subsequent models—and its hype died down as quickly as it arrived.
Now, nearly 12 months later, the market may be seeing a similar episode with MetaX.
Why MetaX Isn’t the Market Threat It’s Made out to Be
NVIDIA's dominance in the broader AI landscape, particularly within the GPU industry, is unquestioned. When the market overreacts to newcomers—as it often does—investors who panic-sell tend to suffer over the long term.
Over the last three years (12 quarters), NVIDIA has reported 11 earnings beats and has beaten revenue estimates in every quarter.
MetaX, however, remains unprofitable, and analysts estimate its technology trails mainstream competitors by two to three years.
Furthermore, as a China-based company, it depends heavily on domestic, state-sanctioned investments, which raises questions about the sustainability of its growth.
Compounding matters, as CNBC noted, it isn't easy for overseas investors to join these rallies: "foreign retail investors in particular are shut out of mainland China IPOs."
Fund manager Yang Tingwu of Tongheng Investment told Reuters that the surge in China-based AI companies' stock prices is likely a run-up that will leave the market "witnessing the stock's peak level for the next five years."
NVIDIA and Its Shareholders Will Be Fine
Meanwhile, NVIDIA is less than 9% below its all-time high, has gained nearly 1,352% over the past five years, and sits at the center of a financing network worth hundreds of billions of dollars.
NVIDIA has cemented strategic partnerships with other AI companies, including OpenAI—a position the Santa Clara, Calif.-based fabless GPU company is unlikely to relinquish soon.
The stock maintains a consensus Buy rating from 53 covering analysts, with an average 12-month price target of $262.14, implying potential upside of more than 39%.
Over the past year, institutional investors poured roughly $339.17 billion into the company, compared with $116.47 billion in outflows.
Another sign of health: current short interest stands at just 1.13% of the float.
Short-term market noise from high-flying China IPOs is unlikely to displace NVIDIA's structural advantages in the near term.
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